Legato Capital Management LLC Decreases Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

Legato Capital Management LLC lessened its stake in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 13.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,003 shares of the technology company's stock after selling 5,290 shares during the quarter. IES makes up 0.8% of Legato Capital Management LLC's holdings, making the stock its 14th biggest holding. Legato Capital Management LLC owned approximately 0.17% of IES worth $5,779,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of IESC. Catalyst Capital Advisors LLC bought a new stake in shares of IES in the first quarter worth $36,000. National Bank of Canada FI acquired a new position in IES in the fourth quarter valued at $54,000. Comerica Bank lifted its holdings in IES by 44.9% in the fourth quarter. Comerica Bank now owns 507 shares of the technology company's stock valued at $102,000 after buying an additional 157 shares during the period. Contravisory Investment Management Inc. lifted its holdings in IES by 162.5% in the first quarter. Contravisory Investment Management Inc. now owns 882 shares of the technology company's stock valued at $146,000 after buying an additional 546 shares during the period. Finally, Summit Investment Advisors Inc. lifted its holdings in IES by 6.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 861 shares of the technology company's stock valued at $173,000 after buying an additional 53 shares during the period. Institutional investors own 86.60% of the company's stock.

IES Trading Up 8.9%

IESC stock traded up $29.35 during midday trading on Friday, hitting $357.66. The stock had a trading volume of 188,387 shares, compared to its average volume of 191,596. The firm has a market cap of $7.10 billion, a P/E ratio of 29.93 and a beta of 1.63. IES Holdings, Inc. has a 1-year low of $129.16 and a 1-year high of $370.88. The business has a fifty day moving average price of $283.16 and a two-hundred day moving average price of $233.01.

IES (NASDAQ:IESC - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The technology company reported $3.30 earnings per share for the quarter. The firm had revenue of $834.00 million for the quarter. IES had a net margin of 7.76% and a return on equity of 36.49%.

Insider Transactions at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 5,764 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $273.59, for a total transaction of $1,576,972.76. Following the completion of the transaction, the chief executive officer directly owned 10,917,554 shares of the company's stock, valued at $2,986,933,598.86. This represents a 0.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 39,630 shares of company stock valued at $10,915,095. Corporate insiders own 56.76% of the company's stock.

About IES

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.